Fund
Avanta Ventures, the corporate venturing arm of US-based insurer CSAA Insurance Group, has formed a $225m Fund II, which will focus on early-stage companies working on insurtech, mobility and related areas such as fintech, cybersecurity, smart home and applied artificial intelligence. Its total capital under management now stands at more than $300m.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Yellow Card Financial | Cryptocurrency exchange platform | Financial | Nigeria | B | 40 | 19/09/2022 | Digital Garage/Daiwa Securities Group (DG Daiwa Ventures); Polychain Capital (lead), Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy |
| VavaCars | Used car-focused online trading platform | Transport | Turkey | C | 37 | 20/09/2022 | Vitol |
| Incepto | AI-equipped medical imagery platform | Healthcare | France | N/A | 26.9 | 19/09/2022 | Axa (Axa Venture Partners); LBO France (Venture-Digital Health) (lead), Wille Finance, Karista, Bpifrance |
| Nutrition Technologies | Crop insect inspection platform | Industrial | Singapore | N/A | 20 | 20/09/2022 | PTT Public Company (PTT Venture Capital) (lead), Sumitomo Corporation, ING Corporation (ING Sustainable Investments); Mandala Capital |
| Sequence | Online B2B payment provider | Financial | UK | Seed | 19 | 20/09/2022 | Salesforce (Salesforce Ventures); Andreessen Horowitz (lead), Firstminute Capital, Crew Capital, Passion Capital, Dig Ventures, Fin Capital, 9Yards |
| InnerPlant | Plant physiology data aggregator | Industrial | US | A | 16 | 19/09/2022 | Deere & Co (lead), MS&AD Insurance Group (MS&AD Ventures); Bee Partners, UpWest |
| ImmunoScape | TCR cell therapy developer | Healthcare | Singapore | N/A | 14 | 20/09/2022 | Amgen (Amgen Ventures); Anzu Partners (lead), EDBI |
| PolicyMe | Digital insurance provider | Financial | Canada | A | 13.5 | 20/09/2022 | Reinsurance Group of America (RGAX), Securian Financial, SiriusPoint; HCS Capital, Westdale Properties |
| Fondue CashBack | Shopify-focused coupon code substitution service | Consumer | Isreal | Seed | 10.5 | 19/09/2022 | Samsung (Samsung Next), Casper, TheRealReal, Thumbtack, Candid, Carraway, CatchCo, Loox, Perry Ellis, Melio, Ramp, Plaid, Venmo; Quiet Capital (lead), Hanaco Ventures, Infinity Ventures, Ground Up Ventures, Sugar Capital, Starting Line, R-Squared Ventures, Gaingels, Verissimo Ventures, JAM Fund. |
| ELYT.net | Customer loyalty marketing platform | Media | Turkey | Seed | 8 | 19/09/2022 | Fibabanka (Finberg) (lead); Akın İdil, Bilge Algül İdil, Cihan Demir, İlker Sözdinler |
| Random Games | Blockchain-equipped community gaming platform | Media | US | Seed | 7.6 | 20/09/2022 | Polygon; Resolute Ventures (co-lead), Asymmetric (co-lead), Ignia, 2 Punks Capital, ID345, David Jones |
| CNote | Wealth gap reduction service | Financial | US | A | 7.25 | 20/09/2022 | American Family Insurance (American Family Insurance Institute for Corporate and Social Impact) (lead); Astia (Astia Fund), BankTech Ventures, Commerce Ventures, CityRock Venture Partners |
| Heru | AI-based tax platform | Financial | Mexico | Seed | 6 | 19/09/2022 | Alphabet (Gradient Ventures) (lead); Soma Capital, GFC, Moving Capital, Mike Shoemaker, Flourish Ventures, Magma Partners |
| Boundless Rider Insurance Agency | Rider-focused insurance claim service | Financial | US | Seed | 4.75 | 19/09/2022 | American Family Insurance (American Family Ventures) (lead), SiriusPoint; The Cross Country Group, Belmont Capital |
| Remedial Health | Africa-oriented pharmaceutical value chain service | Healthcare | Nigeria | Seed | 4.4 | 20/09/2022 | Tencent; Global Ventures (lead), Y Combinator, Cathexis Holdings (Cathexis Ventures), LightSpeed Venture (LightSpeed Venture Partners Scout Fund), Ventures Platform, Alumni Ventures, True Capital Management, Guillaume Luccisano, Christopher Golda |
